35 The following are spot rate quotes in the interbank market between the EUR, USD, and Swiss Franc (CHF):

• EUR/USD: 0.9490/0.9503
• CHF/USD: 0.9022/0.9025

Note: EUR/USD is the amount of EUR per 1 USD. CHF/USD is the amount of CHF per 1 USD.

The bid-offer on the EUR/CHF cross rate implied by the interbank market is closest to: